Microsoft is said to have agreed to acquire coding site GitHub

Microsoft reportedly had talks about acquiring GitHub

Microsoft reportedly had talks about acquiring GitHub

Founded in 2008, GitHub hosts 27 million software developers working on 80 million repositories of code.

According to the latest report shared by the well-known web portal Business Insider, the tech giant Microsoft would be interested in buying GitHub, a web-based hosting service for version control using git and it is mostly used for computer code.

Microsoft has reportedly held talks about a potential acquisition of GitHub, reports Business Insider. Its co-founder, Tom Preston-Werner, resigned in 2014 after harassment allegations surfaced.

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Microsoft's spokespeople have declined to comment on the decision.

Now Bloomberg reports that the companies have come to an agreement, and the purchase is now a done deal, and may be announced as soon as tomorrow.

In 2015, GitHub was valued at $2 billion.

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Microsoft, on the other hand, has been looking towards more open source solutions.

While this may result in some more exciting and creative software being developed by Microsoft, the details on the degree of ownership and control it would have over the code stored on GitHub are yet to be made clear, and users are cautious.

Now even the big companies of our day, including Microsoft, use Github as an important tool in their software development processes. Github gave smaller, growing companies a way to implement some of the best practices in place at tech conglomerates while finding and contributing to the open-source projects that changed the way software was developed. One closely watched aspect of this deal will be whether fierce competitors like Amazon Web Services and Google continue to store code on a Microsoft-owned property. Last August, the company said it wanted a replacement for CEO Chris Wanstrath - one of GitHub's founders. In the interim, GitHub's Chief Business Officer Julio Avalos joined the company's board of directors and took over much of the day-to-day leadership of the company.

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Rumors have been circulating for a few days that Microsoft has been in discussions to acquire GitHub.

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